Although I have made great strides in the last 4 years, I brought a poor credit history and score to our marriage (married for 5 months). My wife, whose name is on our mortgage as she owned our home prior to our marriage, is happy and proud of the work I’ve done to raise my score from 590 to 670 in about 18 months.
However, I’m concerned about how my still painfully mediocre credit score will affect our plans to buy a new house in the next 12-18 months. As I understand it, mortgage debt is the “holy grail” of debt on a credit report, so…
Should we put my name on our current mortgage to prepare for our eventual joint application in a year’s time? Will this help/hurt my score? Will it help/hurt any aspect of my wife’s immaculate credit? Any insight is greatly appreciated, thank you.
The AnswerIf you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free. I Want to Improve My Credit and Get a Mortgage With My New Wife. - Devin by Steve Rhode